Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Indonesia’s Election Results May Be Good for Crypto, Industry Watchers Say

The winners of Indonesia’s recent presidential election may ensure consistency for crypto policy in the country, industry watchers say. Winning vice-presidential candidate of the current ruling party, Gibran Rakabuming, promised to create blockchain experts during his campaign. Indonesia’s presidential election in February initially ended in controversy when the winning duo claimed victory before official results were released. For the crypto industry, however, this win means consistency and maybe even continued crypto-friendly regulations. Former defense minister Prabowo Subianto and the incumbent president’s son Gibran Rakabuming had 60% of the nation’s votes immediately after polls closed, according to a Quick Count. These…

LegalMay 5

XRP ETF Premium Projected to Surge 100x to $500: Details

Chad Steingraber, a prominent figure within the XRP community and a seasoned game designer, recently argued the potential for a 100x premium on an XRP ETF. In a recent post on X, Steingraber shared insights on the potential trajectory of an XRP exchange-traded fund (ETF) in light of institutional demand. Notably, the XRP community has called for efforts from asset managers, especially BlackRock, in launching an XRP ETF. They anticipate positive impacts on the asset’s market value following the launch of such investment product. Amid this optimism, Steingraber speculated on the outlook for the price at which the XRP ETF…

AltcoinsMay 4

Ripple CTO Bashes Cardano Founder’s Reply on ETH Gate, Calls It Ridiculous

The dispute between Cardano founder Charles Hoskinson and Ripple CTO David Schwartz over the controversial “ETH Gate” has heated up, with Schwartz recently shading Hoskinson. In a recent tweet, Schwartz expressed frustration over Hoskinson’s “ridiculous reply” to concerns about the SEC’s inconsistent treatment between Ethereum (ETH) and XRP (XRP). According to Schwartz, Hoskinson has repeatedly dismissed the idea that the SEC’s favorable regulatory stance on Ethereum impacted the agency’s stringent regulatory stance against XRP. You got the answer to this for at least the second time and your ridiculous reply was that drawing the line with ETH on the "good…

LegalMay 4

Bitcoin in ‘post-halving danger zone’; Here’s what it means for BTC

Following the recent Bitcoin (BTC) halving, the cryptocurrency landscape is focused on the asset’s future price trajectory. As Bitcoin struggles to maintain its pre-halving stability above $65,000, investors and analysts are keenly observing its price behavior for clues about what lies ahead. In an X (formerly Twitter) post on April 26, crypto analyst Rekt Capital raised concerns about a potential “Danger Zone” following Bitcoin’s recent halving event. The concept of the ‘Danger Zone’ draws from patterns observed in previous cycles, such as in 2016, when Bitcoin’s price dropped approximately 11% about 21 days after the halving. Currently, only six days…

BitcoinMay 4

Venezuela’s Digital Currency Use to Face Tighter Regulatory Scrutiny

Experts warn that Venezuela’s likely shift towards digital currency necessitates stricter regulations. The development comes as Venezuela’s state oil company PDVSA is ramping up digital currency use for crude oil and fuel exports, according to Reuters. This decision follows the Biden administration declining to renew a license that had eased restrictions. Essentially, this led to reimposed sanctions on Venezuela’s oil industry. In response, Venezuelan opposition politician Leopoldo Lopez and a Chainalysis director Kristofer Doucette presented a report on Monday, calling for democratic governments to take action. Their report detailed financial transactions conducted since Venezuelan President Nicolas Maduro’s inauguration. Government efforts…

LegalMay 4

Bitcoin halving won’t be enough to sustain a bull run: Kaiko Research

Bitcoin’s latest halving event is unlikely to trigger a sustained bull run over the next 12 to 18 months, according to the report “Bitcoin’s Fourth Halving: This Time is Different?” by analysis firm Kaiko. Despite historical periods of substantial returns post-halving, the current climate is marked by a mature asset class and uncertain macroeconomic conditions. A potential bull run hinges on Bitcoin’s appeal to new investors, possibly through spot ETFs in the US and Hong Kong. Thus, robust liquidity and increasing demand are essential for enhancing Bitcoin’s value proposition shortly. The market’s reaction to the halving is complicated by mixed…

BitcoinMay 4

Forbes Says XRP Has No Purpose, Calls XRPL a Ghost Chain

A recent Forbes article has taken a swipe at Ripple and the XRP Ledger, calling the XRPL and 19 other blockchain networks functional ghost chains. The XRP Ledger has retained relevance in the blockchain ecosystem over a decade after its introduction, with wallets hosted on the network recording a steady uptick to over 5.1 million at press time, demonstrating sustained interest among blockchain enthusiasts. However, Forbes claims the XRPL is nothing more than a zombie chain, a tag that has triggered sharp criticisms from industry pundits. In a report published yesterday, Forbes aimed to spotlight 20 blockchains it believes are…

AltcoinsMay 4

CZ may become the richest person to ever get jailed in the US

CZ may become the richest person to ever get jailed in the US The Binance cryptocurrency exchange logo depicted on a rising growth chart, indicating continued business expansion despite legal issues and potential jail time for founder CZ. Binance, the world’s largest cryptocurrency exchange, continues to thrive despite the legal troubles faced by its founder, Changpeng “CZ” Zhao. Zhao, who pleaded guilty to violating anti-money laundering laws, faces the possibility of a three-year prison sentence, as recommended by US prosecutors. Zhao is scheduled for sentencing today, April 30, after the initial sentencing date was moved earlier this year in February…

LegalMay 4

Bitcoin Under Pressure But Whales Hold Over $331 Billion Of BTC: A Sign To Buy?

While Bitcoin prices struggle for momentum and are caged inside a narrow range, on-chain data tells a different story. Taking to X, one analyst notes that whales, which are large crypto holders, are actively accumulating the world’s largest coin by market cap. Bitcoin Whales Accumulating Despite Weakness By the time this data was shared, Bitcoin whales held over 5.1 million BTC worth a staggering $331 billion. That there is still demand when the coin moves in a narrow range flies in the face of recent market weakness and skeptics betting on even more price dumps. Related Reading: After WIF, BONK,…

BitcoinMay 4

Interoperability Protocol LayerZero Soars to $3B Valuation; Upcoming Airdrop?

Omnichain interoperability protocol LayerZero has garnered significant attention from prominent investors, resulting in a valuation of $3 billion. With anticipation building around its upcoming yet-to-be-launched token airdrop, the growing interest solidifies the protocol’s impact. LayerZero is reportedly designed to seamlessly connect blockchains while ensuring smooth cross-chain transactions with its models. Moreover, LayerZero’s ZRO airdrop is expected to occur soon, fueling investors’ interest in the token. According to reports, several projects are built on or utilizing LayerZero’s technology, including the bridging platform Stargate, the RWA gaming asset tokenization protocol MetaZero, the decentralized lending and borrowing protocol Radiant Capital, and the decentralized…

AltcoinsMay 4